noun
Mercosur; Southern Common Market
Official name of the South American trade bloc. Used in news, economics, and political contexts.
南米南部共同市場は1991年に設立された。
Mercosur was established in 1991.
Compound of 南米 (South America), 南部 (southern part), and 共同市場 (common market), directly translating the English name 'Southern Common Market'.